Negotiations on this free trade agreement between the 10 ASEAN governments and those of Australia and New Zealand were concluded in Singapore in August 2008. The agreement was subsequently signed in February 2009 and came into force on 1 January 2010.
The ASEAN-Australia-New Zealand FTA (AANZFTA) envisions a regional common market by 2015, and marks the first time that Australia and New Zealand have been involved jointly in negotiating an FTA with third countries. It was also the first time ASEAN embarked on comprehensive FTA negotiations covering all sectors, including goods, services, investment and intellectual property, simultaneously.
The Textile Clothing & Footwear Union of Australia opposed the deal because of the impact of further trade liberalization on these manufacturing sectors and workers in Australia, and human rights concerns regarding Burma. Both the Green Party of New Zealand and human rights activists raised concerns about agreements with some ASEAN governments because of their human rights records. In the ASEAN countries, numerous activist groups also protested the rush into this FTA, especially during a global economic crisis that is hitting local workers hard.
last update: May 2012
Photo: Daveandlolo/CC BY 2.0
ASEAN was showing strong commitment to try to wrap up negotiations on a free trade pact between the regional grouping, Australia and New Zealand, Australian Trade Minister Simon Crean said Sunday.
Talks on the ASEAN-Australia-New Zealand Free Trade Agreement (FTA) will be concluded next month, said Singapore President SR Nathan at a state banquet at the New Zealand Government House in Wellington on Monday.
New Zealand Trade Minister Phil Goff said on Wednesday that free trade talks with the Association of Southeast Asian Nations (ASEAN) may be finished by June.
South-East Asian nations need to put a better offer on the table if they want a free trade deal with Australia and New Zealand, Prime Minister Helen Clark says.
The Australian Manufacturing Workers Union says the Federal Government should cease Association of South-East Asian Nations (ASEAN) free trade negotiations immediately, in line with Burma sanctions.
Asean economic ministers said while "considerable progress" has been made on the proposed comprehensive FTA with Australia-New Zealand, concluding talks this year is unlikely because the next phase of the negotiations "would be critical and intense."
Negotiations for an ASEAN-Australia-New Zealand free trade agreement will resume in Wellington in March.
The Asean-Australia-New Zealand Free Trade Agreement (FTA) talks could be concluded in 2007, despite some wrangling over issues like government procurements and environment.
Asean’s plan to narrow the gap on rules of origin regulations pose no hinderance to the proposed Free Trade Agreement (FTA) with New Zealand and Australia.
Trade Minister Phil Goff is cautiously keen on a plan to create the world’s largest trading bloc which would include Asean members and New Zealand and Australia.